Opinion: Crypto Market May Experience Volatility in June Due to Trump's Budget Proposal and Tariff Disputes

The cryptocurrency research institution K33 Research stated that the Trump administration's "Total Always Comes Off" (TACO) tariff strategy, along with the "One Big Beautiful Bill" budget proposal soon to be submitted to the Senate, could jointly trigger significant market volatility in June. The TACO theory originates from the observations of Financial Times columnist Robert Armstrong, who noted that President Trump often retracts or delays the implementation of high tariffs after market reactions, leading to a pattern of market decline followed by a rebound. For instance, Trump once threatened to impose a 50% tariff on EU goods but postponed the implementation date to July 9 after a call with the President of the European Commission. Trump denied this claim, calling it a negotiation strategy. K33 Research believes that as the tariff suspension period nears its end and with the uncertainty of the budget proposal, the market may face new volatility risks.